✦ LIBER ✦
The UK renewables obligation : What's holding back the ROC market in the UK power sector?
- Publisher
- Elsevier Science
- Year
- 2003
- Tongue
- English
- Weight
- 229 KB
- Volume
- 4
- Category
- Article
- ISSN
- 1471-0846
No coin nor oath required. For personal study only.
✦ Synopsis
The UK enewa les liaati n
What's holding back the ROC market in the UK power sector? The UK's Renewables Obligation Order means that every generator producing electricity derived from a renewable resource is entitled to claim one Renewable Obligation Certificate (ROC) for every MW/hour generated. These ROC's have a market value and, in the ~ ory, can be traded between players within the sector. However, the viability of the RO as a mechanism for delivering additional renewable capacity may be fatally flawed because the full value of the ROC may not be realisable by developers. .... .